(RFID World Canada) TechNavio’s recent analysis report forecasts that the RFID global market will grow at a CAGR of 19.4 percent 2011 through 2015. The main source of this market increase is predicted to come as a result of the retail sector. In addition, the global RFID market has seen in increase in demand for RFID technology in the airport security and baggage safety systems. There is a concern though that the predicted increases could fall in this area due to security and privacy concerns. This could pose a challenge to growth over the years.

The Global Healthcare RFID market is forecasted to grow at a CAGR of 29.6 percent over the period 2011-2015. One of the key factors contributing to this market growth is the growth of RFID in the Pharmaceutical segment. The Global RFID market in the Healthcare industry has also been witnessing RFID sensors to track sleep patterns. However, security issues in inventory could pose a challenge to the growth of this market.

Input from industry experts has been considered and converted into data in the TechNavio analysis report, 2011-2015. The in-depth analysis covers the Americas, the EMEA and APAC regions. The report also covers the key discussions of the vendor operating in this market as well as the Global RFID market landscape. The key vendors that are taking up the market space are Imping Inc., NXP Semiconductor Inc., Alien Technology Corp. and Intermec Inc.

Some key questions which are answered in the report relate to the rate at which this market size will grow, the challenges that the market growth will encounter, the opportunities that vendors will have over the years as well as the threats that they will have to look out for in terms of growth. The driving factors of the RFID market and the strengths and weaknesses of each of the key vendors will be covered as well.